Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	Coach Inc	1,130,409	$37M	13.1%	$56.64	—	COM	189754104
IBOC	International Bancshares Corp.	490,525	$12.61M	4.5%	$14.96	+40.9%	COM	459044103
—	Powershares QQQ Trust Series 1	106,426	$11.9M	4.2%	$71.27	—	COM	73935A104
—	PowerShares KBW Bank ETF	242,560	$9.118M	3.2%	$33.12	—	COM	73937b746
ITB	iShares DJ US Home Constructio	234,901	$6.366M	2.3%	$22.54	—	COM	464288752
MGK	Vanguard MegaCap300 Growth Ind	75,756	$6.291M	2.2%	$64.33	—	COM	921910816
IXN	IShares S&P Global Technology	55,905	$5.452M	1.9%	$79.72	—	COM	464287291
VO	Vanguard Mid-Cap ETF	44,155	$5.303M	1.9%	$126.40	—	COM	922908629
—	First Trust ISE-Revere Natural	1,144,575	$5.105M	1.8%	$11.34	—	COM	33734j102
MGC	Vanguard Mega Cap 300 Index ET	66,925	$4.669M	1.7%	$55.88	—	COM	921910873
—	General Electric Company	143,381	$4.466M	1.6%	$23.27	—	COM	369604103
VFH	Vanguard Financials ETF	89,736	$4.348M	1.5%	$45.54	—	COM	92204A405
—	Carlyle Group	255,850	$3.996M	1.4%	$21.02	—	COM	14309l102
—	KKR & Co. LP Del Com Units	235,175	$3.666M	1.3%	$18.76	—	COM	48248m102
—	Blackstone Group LP	121,225	$3.545M	1.3%	$23.62	—	COM	09253U108
—	SPDR S&P Oil & Gas Explor & Pr	114,695	$3.466M	1.2%	$41.67	—	COM	78464A730
MGV	Vanguard MegaCap 300 Value Ind	56,950	$3.362M	1.2%	$53.81	—	COM	921910840
AAPL	Apple Inc	31,710	$3.338M	1.2%	$18.46	+39.4%	COM	037833100
VEU	Vanguard FTSE All World Ex-US	73,255	$3.18M	1.1%	$44.15	—	COM	922042775
BAC	Bank of America Corp	184,053	$3.098M	1.1%	$10.09	+34.3%	COM	060505104
MSFT	Microsoft Corp	55,042	$3.054M	1.1%	$26.70	+72.0%	COM	594918104
UNH	UnitedHealth Group, Inc.	25,511	$3.001M	1.1%	$50.94	+94.9%	COM	91324P102
HD	Home Depot Inc	22,558	$2.983M	1.1%	$56.08	+78.3%	COM	437076102
EWZ	iShares MSCI Brazil Index ETF	137,530	$2.844M	1.0%	$26.29	—	COM	464286400
VXF	Vanguard Extended Market Index	33,135	$2.777M	1.0%	$81.48	—	COM	922908652
JPM	JPMorgan Chase & Co	34,482	$2.277M	0.8%	$36.44	+36.3%	COM	46625H100
VWO	Vanguard Emerging Markets ETF	68,056	$2.226M	0.8%	$37.27	—	COM	922042858
INTC	Intel Corp	64,567	$2.224M	0.8%	$17.19	+55.0%	COM	458140100
AIG	American International Group N	35,059	$2.173M	0.8%	$33.84	+39.8%	COM	026874784
TEVA	Teva Pharmaceutical Industries	32,717	$2.148M	0.8%	$39.20	—	COM	881624209
C	Citigroup Inc	41,039	$2.124M	0.8%	$35.84	+10.6%	COM	172967424
CMCSA	Comcast Corp New Cl A	36,522	$2.061M	0.7%	$15.87	+49.7%	COM	20030N101
ORCL	Oracle Corp	53,250	$1.945M	0.7%	$27.75	+18.3%	COM	68389X105
WFC	Wells Fargo & Co New	35,397	$1.924M	0.7%	$27.77	+47.0%	COM	949746101
DIS	The Walt Disney Co.	17,499	$1.839M	0.7%	$56.75	+80.1%	COM	254687106
IWD	iShares Russell 1000 Value Ind	18,700	$1.83M	0.6%	$91.26	—	COM	464287598
PG	Procter & Gamble	22,753	$1.807M	0.6%	$55.30	+4.8%	COM	742718109
FDX	FedEx Corp.	11,955	$1.781M	0.6%	$83.01	+59.4%	COM	31428X106
XLE	Energy Select Sector SPDR	29,335	$1.769M	0.6%	$65.46	—	COM	81369Y506
CSCO	Cisco Systems Inc	61,567	$1.672M	0.6%	$15.33	+31.6%	COM	17275R102
PFE	Pfizer, Inc.	50,523	$1.631M	0.6%	$16.63	+22.6%	COM	717081103
VOE	Vanguard Mid-Cap Value ETF	18,360	$1.578M	0.6%	$84.25	—	COM	922908512
VTI	Vanguard Total Stock Mkt	14,900	$1.554M	0.6%	$98.72	—	COM	922908769
SCHW	Charles Schwab Corp.	46,446	$1.529M	0.5%	$15.92	+75.2%	COM	808513105
JNJ	Johnson & Johnson	14,616	$1.501M	0.5%	$60.00	+26.5%	COM	478160104
MCD	McDonald's Corp.	12,641	$1.493M	0.5%	$71.78	+21.5%	COM	580135101
—	Time Warner, Inc.	22,940	$1.484M	0.5%	$57.98	—	COM	887317303
T	AT&T, Inc.	41,472	$1.427M	0.5%	$11.34	+9.6%	COM	00206R102
COST	Costco Wholesale Corp New	8,670	$1.4M	0.5%	$86.84	+53.0%	COM	22160K105
HON	Honeywell International	12,882	$1.334M	0.5%	$53.55	+38.7%	COM	438516106
BRK/B	Berkshire Hathaway Cl B	10,045	$1.326M	0.5%	$117.46	+14.3%	COM	084670702
—	Global X Silver Miners ETF	67,683	$1.253M	0.4%	$18.51	—	COM	37954y848
SPY	SPDR S&P 500 Index ETF	6,096	$1.243M	0.4%	$187.88	—	COM	78462F103
YUM	Yum! Brands, Inc.	16,814	$1.228M	0.4%	$39.34	+10.1%	COM	988498101
VGK	Vanguard European ETF	24,533	$1.224M	0.4%	$51.18	—	COM	922042874
—	PowerShares KBW Regional Banki	29,475	$1.212M	0.4%	$33.43	—	COM	73937b712
VOT	Vanguard Mid-Cap Growth ETF	11,940	$1.191M	0.4%	$95.63	—	COM	922908538
BMY	Bristol-Myers Squibb Co.	17,280	$1.189M	0.4%	$28.67	+62.9%	COM	110122108
AXP	American Express Company	17,062	$1.187M	0.4%	$60.15	+4.5%	COM	025816109
GNR	SPDR S&P Global Natural Resour	34,619	$1.111M	0.4%	$32.09	—	COM	78463X541
IWF	iShares Russell 1000 Growth In	11,034	$1.098M	0.4%	$76.39	—	COM	464287614
—	Hewlett Packard Enterprise Com	70,566	$1.073M	0.4%	$15.21	—	COM	42824c109
—	Industrial Select Sector SPDR	20,100	$1.066M	0.4%	$54.49	—	COM	81369y704
IBM	International Business Machine	7,565	$1.041M	0.4%	$117.44	-25.5%	COM	459200101
SONY	Sony Corp. (ADR)	41,597	$1.024M	0.4%	$21.15	—	COM	835699307
UBS	UBS Group CHF0.10	52,435	$1.016M	0.4%	$17.24	+13.2%	COM	H42097107
—	TE Connectivity Ltd. F	15,675	$1.013M	0.4%	$45.52	—	COM	h84989104
EFV	iShares MSCI EAFE Value Index	21,630	$1.006M	0.4%	$47.89	—	COM	464288877
PHG	Koninklijke Philips Electronic	38,961	$992K	0.4%	$27.19	—	COM	500472303
XLB	Materials Select Sector SPDR E	22,515	$978K	0.3%	$44.31	—	COM	81369Y100
OEF	iShares S&P 100 Index ETF	10,675	$973K	0.3%	$71.93	—	COM	464287101
EZU	iShares MSCI EMU Index Fund ET	27,600	$967K	0.3%	$36.31	—	COM	464286608
—	SPDR Dow Jones Industrial Aver	5,505	$958K	0.3%	$154.22	—	COM	78467x109
—	Oaktree Capital	20,050	$957K	0.3%	$48.38	—	COM	674001201
—	SPDR S&P Homebuilders ETF	27,665	$946K	0.3%	$30.67	—	COM	78464a888
—	Apollo Global Management LLC	62,100	$943K	0.3%	$15.19	—	COM	037612306
—	Paypal	25,975	$940K	0.3%	$31.04	—	COM	70450y103
LOW	Lowe's Companies, Inc.	12,150	$924K	0.3%	$32.16	+91.9%	COM	548661107
—	EMC Corp.	35,790	$919K	0.3%	$23.70	—	COM	268648102
LMT	Lockheed Martin Corp	4,220	$916K	0.3%	$71.65	+130.8%	COM	539830109
VUG	Vanguard Growth ETF	8,325	$886K	0.3%	$86.03	—	COM	922908736
—	iShares MSCI Japan Index ETF	72,750	$882K	0.3%	$11.42	—	COM	464286848
VTV	Vanguard Value ETF	10,812	$881K	0.3%	$81.62	—	COM	922908744
FNDB	Schwab Fundamental US Broad Mk	29,887	$853K	0.3%	$29.63	—	COM	808524789
BA	Boeing Co	5,820	$842K	0.3%	$83.36	+54.6%	COM	097023105
—	HP Inc.	70,567	$836K	0.3%	$11.85	—	COM	40434l105
—	SPDR Dow Jones Global Real Est	16,753	$784K	0.3%	$45.25	—	COM	78463x749
KRE	SPDR KBW Regional Banking ETF	17,550	$736K	0.3%	$34.21	—	COM	78464A698
COP	ConocoPhillips	15,736	$735K	0.3%	$39.69	-3.3%	COM	20825C104
IWS	iShares Russell Midcap Value I	10,550	$724K	0.3%	$58.43	—	COM	464287473
VB	Vanguard Small-Cap ETF	6,525	$722K	0.3%	$113.54	—	COM	922908751
EBAY	eBay, Inc.	25,975	$714K	0.3%	$20.18	+21.8%	COM	278642103
—	Market Vectors Gold Miners ETF	52,000	$713K	0.3%	$21.88	—	COM	57060u100
BDX	Becton Dickinson & Co	4,447	$685K	0.2%	$79.38	+55.5%	COM	075887109
SAP	SAP AG (ADR)	8,609	$681K	0.2%	$73.43	—	COM	803054204
XOM	Exxon Mobil Corp	8,699	$678K	0.2%	$53.86	-4.6%	COM	30231G102
DBEU	DB X-Trackers MSCI Europe UCIT	12,350	$677K	0.2%	$59.67	—	COM	233051853
AMZN	Amazon.com, Inc.	975	$659K	0.2%	$14.04	+124.5%	COM	023135106
HUM	Humana Inc	3,650	$652K	0.2%	$71.14	+127.3%	COM	444859102
CVS	CVS Caremark Corp	6,600	$645K	0.2%	$43.12	+68.4%	COM	126650100
AMGN	Amgen Inc.	3,936	$639K	0.2%	$73.34	+58.8%	COM	031162100
—	AIG Warrants Expire 1/19/2021	26,226	$623K	0.2%	$18.24	—	COM	026874156
—	JP Morgan Warrants Exp. 10/28/	25,950	$615K	0.2%	$16.27	—	COM	46634e114
VZ	Verizon Communications	12,976	$600K	0.2%	$26.99	-0.2%	COM	92343V104
XLF	Financial Select Sector SPDR	24,500	$584K	0.2%	$19.44	—	COM	81369Y605
CVX	Chevron Corp	6,400	$576K	0.2%	$70.89	-17.6%	COM	166764100
PM	Philip Morris International In	6,478	$569K	0.2%	$49.64	+5.3%	COM	718172109
PEP	Pepsico, Inc.	5,645	$564K	0.2%	$57.11	+28.6%	COM	713448108
TELFY	Telefonica SA (ADR)	50,689	$561K	0.2%	$13.02	—	COM	879382208
IWP	iShares Russell Midcap Growth	6,030	$554K	0.2%	$75.33	—	COM	464287481
HST	Host Hotels & Resorts, Inc.	35,027	$537K	0.2%	$10.74	+2.7%	COM	44107P104
IWN	iShares Russell 2000 Value Ind	5,755	$529K	0.2%	$86.42	—	COM	464287630
—	Level 3 Communications	9,664	$525K	0.2%	$21.09	—	COM	52729n308
—	Viacom Inc Cl B New	12,449	$512K	0.2%	$64.19	—	COM	92553P201
XLV	Health Care Sector Select SPDR	7,000	$504K	0.2%	$52.77	—	COM	81369Y209
MCK	McKesson Corp.	2,528	$499K	0.2%	$108.95	+60.2%	COM	58155Q103
MRSH	Marsh & McLennan Companies, In	8,750	$485K	0.2%	$31.19	+48.8%	COM	571748102
—	Discovery Communications Ser C	19,062	$481K	0.2%	$47.59	—	COM	25470F302
WMT	Wal-Mart Stores Inc	7,848	$481K	0.2%	$19.32	-13.9%	COM	931142103
TM	Toyota Motor Corp. (ADR)	3,880	$477K	0.2%	$120.67	—	COM	892331307
MMM	3M Company	3,159	$476K	0.2%	$63.04	+46.1%	COM	88579Y101
CAT	Caterpillar Inc	6,995	$475K	0.2%	$61.02	-10.6%	COM	149123101
—	Yahoo! Inc.	14,190	$472K	0.2%	$25.12	—	COM	984332106
IJH	IShares Core S&P ETF Midcap	3,381	$471K	0.2%	$136.65	—	COM	464287507
XLK	Technology Select Sector SPDR	10,888	$466K	0.2%	$32.31	—	COM	81369Y803
—	United Technologies Corp	4,836	$465K	0.2%	$95.80	—	COM	913017109
TMO	Thermo Fisher Scientific	3,250	$461K	0.2%	$79.76	+62.4%	COM	883556102
VNQ	Vanguard REIT ETF	5,780	$461K	0.2%	$73.42	—	COM	922908553
—	Monsanto Company	4,610	$454K	0.2%	$99.75	—	COM	61166W101
VYM	Vanguard High Dividend Yield E	6,800	$454K	0.2%	$65.77	—	COM	921946406
—	Aetna Inc New	4,151	$449K	0.2%	$64.04	—	COM	00817Y108
—	GlaxoSmithKline Plc (ADR)	10,932	$441K	0.2%	$50.08	—	COM	37733W105
EEM	iShares MSCI Emerging Markets	13,650	$439K	0.2%	$35.22	—	COM	464287234
QCOM	Qualcomm Inc	8,778	$439K	0.2%	$45.68	-12.5%	COM	747525103
KBE	SPDR KBW Bank ETF	12,762	$432K	0.2%	$29.14	—	COM	78464A797
—	Alphabet Inc Cl C	559	$424K	0.2%	$758.50	—	COM	02079k107
V	Visa, Inc. Cl A	5,300	$411K	0.1%	$56.35	+28.1%	COM	92826C839
—	Tyco International PLC Shares	12,870	$410K	0.1%	$43.86	—	COM	g91442106
—	Alphabet Inc Cl A	496	$386K	0.1%	$778.23	—	COM	02079k305
—	Medtronic Inc.	4,990	$384K	0.1%	$77.95	—	COM	g5960L103
NVS	Novartis AG (ADR)	4,395	$378K	0.1%	$70.87	—	COM	66987V109
—	ProShares Ultra Pro S&P500	6,000	$376K	0.1%	$69.33	—	COM	74347x864
VSH	Vishay Intertechnology	30,440	$367K	0.1%	$10.83	-14.1%	COM	928298108
GS	Goldman Sachs Group Inc	1,980	$357K	0.1%	$125.69	+20.3%	COM	38141G104
SCHX	Schwab US Large-Cap ETF	7,278	$353K	0.1%	$49.53	—	COM	808524201
IWV	iShares Russell 3000 Index Fun	2,925	$352K	0.1%	$96.41	—	COM	464287689
IEV	iShares S&P Euro 350 Index Fun	8,700	$349K	0.1%	$39.34	—	COM	464287861
—	Direxion Daily Financial Bull	12,000	$349K	0.1%	$40.67	—	COM	25459y694
MRK	Merck & Co Inc New	6,475	$342K	0.1%	$30.02	+22.5%	COM	58933Y105
CAR	Avis Budget Group Inc	9,340	$339K	0.1%	$29.06	+37.7%	COM	053774105
PNC	PNC Financial Services Group,	3,500	$334K	0.1%	$47.34	+41.9%	COM	693475105
MDY	SPDR S&P MidCap 400 ETF	1,300	$330K	0.1%	$275.73	—	COM	78467Y107
WM	Waste Management Inc.	6,000	$320K	0.1%	$30.75	+42.8%	COM	94106L109
—	Federal Realty Investment Trus	2,175	$318K	0.1%	$103.55	—	COM	313747206
VT	Vanguard Total World Stock ETF	5,417	$312K	0.1%	$62.10	—	COM	922042742
SCHE	Schwab Emerging Markets Equity	15,996	$312K	0.1%	$22.42	—	COM	808524706
—	PowerShares Water Resources	14,200	$308K	0.1%	$22.04	—	COM	73935X575
—	SPDR DJ Euro Stoxx 50 ETF	8,900	$306K	0.1%	$34.51	—	COM	78463x202
WPP	WPP Plc (ADR)	2,650	$304K	0.1%	$114.41	—	COM	92937A102
SLB	Schlumberger Ltd F	4,296	$300K	0.1%	$55.18	+1.7%	COM	806857108
—	PowerShares Global Listed Priv	28,500	$300K	0.1%	$12.01	—	COM	73935x195
—	Banco Santander, S.A. (ADR)	61,298	$299K	0.1%	$7.00	—	COM	05964h105
—	Chesapeake Energy Corp	65,550	$295K	0.1%	$14.48	—	COM	165167107
MO	Altria Group Inc	4,985	$290K	0.1%	$19.20	+53.5%	COM	02209S103
NKE	Nike Inc Cl B	4,636	$290K	0.1%	$38.37	+47.7%	COM	654106103
VSS	Vanguard FTSE All-World ex-US	3,100	$288K	0.1%	$90.83	—	COM	922042718
HMC	Honda Motor Co Ltd (ADR)	8,968	$286K	0.1%	$36.65	—	COM	438128308
—	Expedia Inc	2,300	$286K	0.1%	$93.91	—	COM	30212p303
FNDF	Schwab Fundamental Intl. Large	12,025	$286K	0.1%	$25.67	—	COM	808524755
SNY	Sanofi Aventis (ADR)	6,550	$279K	0.1%	$51.45	—	COM	80105N105
AIVL	WisdomTree Dividend Ex-Financi	3,945	$277K	0.1%	$63.63	—	COM	97717W406
DHS	WisdomTree Equity Income ETF	4,500	$266K	0.1%	$51.96	—	COM	97717W208
AMAT	Applied Materials Inc	14,100	$263K	0.1%	$12.42	+24.1%	COM	038222105
VEA	Vanguard FTSE Developed Market	7,110	$261K	0.1%	$39.66	—	COM	921943858
MOV	Movado Group Inc.	10,000	$257K	0.1%	$32.63	-20.1%	COM	624580106
XME	SPDR S&P Metals and Mining ETF	16,850	$252K	0.1%	$25.46	—	COM	78464A755
—	CBS Corp Cl B New	5,190	$245K	0.1%	$49.13	—	COM	124857202
IWM	iShares Russell 2000 Index ETF	2,130	$240K	0.1%	$125.05	—	COM	464287655
HSBC	HSBC Hldgs PLC (ADR)New	6,049	$239K	0.1%	$51.33	—	COM	404280406
A	Agilent Technologies Inc	5,636	$236K	0.1%	$35.68	0.0%	COM	00846U101
KO	Coca-Cola Co.	5,349	$230K	0.1%	$27.85	+10.7%	COM	191216100
DEO	Diageo Plc New (ADR)	2,100	$229K	0.1%	$115.16	—	COM	25243Q205
MS	Morgan Stanley	7,140	$227K	0.1%	$21.93	+14.0%	COM	617446448
—	Whole Foods Market Inc	6,650	$223K	0.1%	$46.74	—	COM	966837106
—	ADT Corporation	6,700	$221K	0.1%	$34.96	—	COM	00101j106
—	Dupont E.I. Denemours	3,297	$220K	0.1%	$66.73	—	COM	263534109
STT	State Street Corp	3,200	$212K	0.1%	$44.60	+16.3%	COM	857477103
SCHB	Schwab U.S. Broad Market ETF	4,246	$208K	0.1%	$48.99	—	COM	808524102
—	Alcatel-Lucent (ADR)	53,970	$207K	0.1%	$1.82	—	COM	013904305
—	WisdomTree Mid-Cap Dividend Fu	2,500	$201K	0.1%	$80.40	—	COM	97717w505
—	Mexico Fund Inc	12,004	$200K	0.1%	$30.74	—	COM	592835102
GLW	Corning Inc	10,900	$199K	0.1%	$10.58	+31.0%	COM	219350105
NEM	Newmont Mining Corp	10,150	$183K	0.1%	$25.10	-42.6%	COM	651639106
—	Swiss Helvetia Fund	12,501	$132K	0.0%	$12.38	—	COM	870875101
—	Royce Value Trust Inc	10,311	$121K	0.0%	$15.15	—	COM	780910105
NOK	Nokia Corp (ADR)	13,998	$98,000	0.0%	$3.79	—	COM	654902204
PBR	Petroleo Brasileiro SA (ADR)	20,900	$90,000	0.0%	$11.18	—	COM	71654V408
—	Vale S.A. American Depositary	23,000	$76,000	0.0%	$12.59	—	COM	91912e105
—	Bank of America Corp Warrants	10,000	$58,000	0.0%	$5.70	—	COM	060505146